Gene & Florence Monday Foundation Inc

KNOXVILLE, TN EIN: 62-1518306

The Gene & Florence Monday Foundation is a private foundation based in Knoxville, Tennessee, established to honor the philanthropic legacy of Gene and Florence Monday. The foundation was created by their three sons—Billy Gene, Jimmy, and Bob—to perpetuate their parents' commitment to charitable giving in the Knoxville community and surrounding areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.5M

+9.8% YoY

Annual Giving

$484K

+110.4% YoY

Grant Count

+68.2% YoY

Avg Grant Size

$13K

+25.1% YoY

Under IRS private-foundation payout rules, Gene & Florence Monday Foundation Inc reported a distributable amount of $314K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission centers on continuing Gene and Florence Monday's humanitarian work and vision for serving charitable causes. The foundation prioritizes:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

Grantmaking

How to Apply

** The foundation accepts grant applications through their website at knoxgiving.org.

Ready to take the next step with Gene & Florence Monday Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

The foundation primarily funds charitable causes in Tennessee, with particular emphasis on the Knoxville community and East Tennessee region.

Grant Distribution by State

Tennessee $1.6M (100%)

States

Tennessee

Cities

AlcoaBrentwoodClintonHumboldtHumboltJefferson CityKnoxvilleMaryvillePowellRockfordRockwoodSeviervilleTownsend

Financial History

Multi-year comparison from IRS filings

Total Assets: $7,514,111
Total Annual Giving: $484,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,514,111	$6,844,176	$5,996,888
Revenue	$3,896,704	$274,518	$200,696
Expenses	$518,671	$259,822	$213,667
Qualifying Distributions	$487,688	$235,494	$203,675
Net Investment Income	$3,892,071	$271,560	$196,826
Distributable Amount	$313,647	$313,487	$313,091

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

126 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Renew Clinic ($31,500), Volunteer Ministry Center ($30,000), Boys and Girls Clubs of Tennessee Valley ($25,000).

Recipient	Purpose	Amount
ANGELIC MINISTRIES KNOXVILLE, TN	CHRISTIAN BASED ORGANIZATION WHICH PROVIDES HOUSEHOLD ITEMS AT NO COST TO THE NEEDY	$15,000
BIG BROTHERS AND BIG SISTERS KNOXVILLE, TN	MENTORING PROGRAM WHICH PAIRS ADULTS WITH CHILDREN TO SUPPORT MENTORING RELATIONSHIPS	$10,000
BOYS AND GIRLS CLUBS OF TENNESSEE VALLEY KNOXVILLE, TN	ENHANCE THE LIVES OF YOUTHS	$25,000
CENTRO HISPANO DE EAST TN KNOXVILLE, TN	SUPPORT FOR LATINO COMMUNITY	$16,900
COMPASSION CLOSET OF EAST TENNESSEE KNOXVILLE, TN	CLOTHES FOR THOSE IN NEED	$5,000
CONNECTION CENTER COKESBURY UMC KNOXVILLE, TN	GENERAL FUND	$15,000
EAST TN TECHNOLOGY ACCESS CENTER KNOXVILLE, TN	GENERAL FUND	$10,000
FOR THE LOVE OF READING KNOXVILLE, TN	GENERAL FUND	$2,000
FRIENDS OF LITERACY INC KNOXVILLE, TN	IMPROVE ADULT, CHILD, AND FAMILY LITERACY IN EAST TN	$8,100
FRIENDS OF TN BABIES WITH SPECIAL NEEDS MARYVILLE, TN	SUPPORT FOR SPECIAL NEEDS CHILDREN AND FAMILIES	$4,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation was established by Gene and Florence Monday's three sons:

Billy Gene Monday
Jimmy Monday
Bob Monday

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SETH KEHNE	PRESIDENT	1	—
KENNETH HOLBERT	DIRECTOR	1	—
CARA KNAPP	SECRETARY	1	—
JANET MONDAY	DIRECTOR	1	—
JACK LACEY MD	DIRECTOR	1	—
RON CUNNINGHAM	TREASURER	1	—
WILLIAM E MONDAY IV	VICE PRESIDENT	1	—
ROBERT W MONDAY	DIRECTOR	1	—
JOHN LACEY	DIRECTOR	1	—
ROBERT A MONDAY	DIRECTOR	1	—

Frequently Asked Questions

What does Gene & Florence Monday Foundation Inc fund?

The foundation's mission centers on continuing Gene and Florence Monday's humanitarian work and vision for serving charitable causes. The foundation prioritizes: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from Gene & Florence Monday Foundation Inc?

**Grant Amounts:** Typical awards range from $2,000 to $31,500. **Annual Giving:** The foundation distributed $484,000 in grants based on their most recent IRS Form 990 filing (2024). **Application Process:** The foundation accepts grant applications through their website at knoxgiving.org.

Where does Gene & Florence Monday Foundation Inc make grants?

The foundation primarily funds charitable causes in Tennessee, with particular emphasis on the Knoxville community and East Tennessee region.

What size grants does Gene & Florence Monday Foundation Inc award?

In 2024, Gene & Florence Monday Foundation Inc awarded 37 grants totaling $484K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Gene & Florence Monday Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gene & Florence Monday Foundation Inc reported a distributable amount of $314K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Gene & Florence Monday Foundation Inc's EIN?

Gene & Florence Monday Foundation Inc's EIN (Employer Identification Number) is 62-1518306. IRS Form 990 filing data is available on this page for 2020–2024.